Global AI In IoT Market Industry Revenue To Surge To US$ 19.9 Billion By 2025

Zion Market Research | January 14, 2020

Zion Market Research includes new market research report "Global AI In IoT Market Is Anticipated To Reach Around USD 19.9 Billion By 2025” to its huge collection of research reports. The AI in IoT Market report presents an all-inclusive approach to the AI in IoT Market growth along with a defined and methodical examination of the overall market. To start with, the report provides better insights of the competitive landscape of the global AI in IoT Market and also puts forth the several prominent market players along with their profiles.

Spotlight

Over the next few years, 5G is expected to reinvent entire industries with new use cases, business models, and organizations that will emerge in response to shifting technology and business landscapes. The growth of 5G wireless technologies are necessitating approaches that include Edge computing architectures.

Spotlight

Over the next few years, 5G is expected to reinvent entire industries with new use cases, business models, and organizations that will emerge in response to shifting technology and business landscapes. The growth of 5G wireless technologies are necessitating approaches that include Edge computing architectures.

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SOFTWARE AND TOOLS

Itron and SmartThings Join Forces to Unlock Utility Energy Analytics for Carbon Reduction

Itron | September 27, 2022

Itron, Inc. which is innovating the way utilities and cities manage energy and water, and SmartThings, Inc. are working together to provide an integrated energy experience by connecting Itron’s industrial IoT (IIoT) network solution and SmartThings’ services and solution. The companies plan to combine their industry leading IoT platforms to allow utilities to unlock the user experience and rapidly enhance value to both the consumer and the utility through improved distributed energy management, accelerated carbon reduction and enhanced consumer engagement. The collaboration will combine Itron’s proven distributed intelligence (DI) ecosystem, which features millions of connected endpoints, with SmartThings Energy service1 to provide real-time energy readings and consumption patterns to improve energy management and conservation. The combined solution, which will support multiple connectivity options, will bring together participating consumers’ real-time consumption data from their meter, behind the meter assets and appliances all within the SmartThings Energy, giving the consumer a complete picture of their energy consumption. Consumers that opt into their utility’s program will gain greater visibility into their energy use and reduce their usage while enabling utilities to improve overall grid management and visibility as well as advance carbon reduction goals. For example, utilities will be able to enhance their demand response (DR) programs with AI Energy Saving mode combined with high-fidelity real-time data from Itron’s IIoT solution to initiate DR events for participating consumers, reducing the energy load of their appliances. Benefits of the collaboration include: Enhancing value to consumers – A complete view of consumers' energy consumption can be obtained through the application, which displays both the whole house real-time consumption information provided by Itron as well as the preexisting app features that show real-time data use of smart appliances. Enhancing value to utility – Utilities will be able to engage the rapidly growing base of SmartThings app users to enroll in energy efficiency, demand response and EV charging programs. A total of 230 million people have downloaded the SmartThings app, and Samsung expects to grow to 500 million users within five years. This combined with Itron’s millions of connect DI devices will allow utilities to enhance their distributed energy management programs. Enhancing the enrollment experience – SmartThings’ enhanced enrollment experience can be applied into utility programs for energy efficiency, demand response, and EV charging – directly from the SmartThings application. Using this comprehensive view of energy consumption over time, utilities may identify likely customers to enroll EV and solar customers into the application. Enhancing innovation with improved high-fidelity data – Itron, its utility partners, and SmartThings can leverage the cloud-to-cloud integration to provide consumers with an easy, secure way to authorize data access to DI application data, whole building consumption data and more. Consumers can also securely share data from their millions of connected devices with the utility or authorized third parties to enable seamless collaboration. More details and information about Itron and Samsung SmartThings’ collaboration will be available soon. “We are excited to join forces with Samsung SmartThings to drive the future of IoT, combining Itron’s unequaled track record of success in delivering utility outcomes with SmartThings’ expertise in consumer engagement, Combining two industry leading platforms is a game changer for energy management. This collaboration will significantly accelerate consumers’ understanding of their energy use, combining information from smart energy devices such as Samsung appliances, electric vehicles, solar panels, heat pumps, thermostats and more. Our goal is to enable consumers to optimize their use of green, renewable energy and reduce their carbon footprint.” Don Reeves, senior vice president of Outcomes at Itron “With this collaboration, we are enabling consumers to make smarter decisions about their energy use. Integrating Itron’s IIoT solution with the SmartThings Energy application will not only make it easier for utilities to inform their customers on their energy consumption, it will also make it easier for consumers to take advantage of energy savings opportunities in their smart appliances,” said Chanwoo Park, EVP & Head of IoT Biz Group, Samsung Electronics. “We are thrilled to collaborate with Itron as this not only conserves energy but also aligns with our customers’ goals of achieving net-zero carbon households.” About Itron Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com. Itron is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. About SmartThings SmartThings is the premier technology enabling connected living and driving the future of IoT. Its open platform already supports thousands of devices across hundreds of brands and offers endless possibilities to innovators and developers seeking seamless connectivity in a vast IoT ecosystem. The company is committed to bringing simple, smart functionality to provide unifying experiences that inspire people to make a difference in their everyday lives. There are currently millions of people in more than 200 countries accessing SmartThings technology daily to create automations and control facets of their smart homes via the SmartThings App and through a range of Samsung products such as phones, TVs, and digital appliances. SmartThings offers the most flexible amount of protocols, including the new IoT standard, Matter. Launched in 2012, SmartThings is headquartered in Mountain View, CA and is a founding board member of Connectivity Standards Alliance, an organization of hundreds of companies creating, maintaining, and delivering open, global standards for the IoT.

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ENTERPRISE IOT

PCTEL Receives FCC Regulatory Certification for New Industrial IoT Radio Module

PCTEL | September 16, 2022

PCTEL, Inc. a leading global provider of wireless technology solutions, today announced receipt of certification from the Federal Communications Commission (“FCC”) for its Industrial IoT Radio Module. PCTEL’s Industrial IoT Radio Module, RM-WIFI-AC-2X2-HP, meets rigorous requirements for Industrial IoT applications, helping users in increasing operational efficiency with reliable connectivity. This rugged, high power 802.11ac WiFi radio module supports 5 GHz WiFi bands and can be installed in a wide variety of products that accept standard mini-PCIe cards. Purpose-built to support industrial applications targeting a range of end markets including utilities, fleets, manufacturing, automation, mining, and oil and gas, this module’s small form factor makes it ideal for integration into wireless IT platforms. Its high transmit power provides reliable connectivity. “We are excited to announce the FCC certification for our new IIoT radio module. It is a significant milestone in our strategy to expand PCTEL’s Industrial IoT devices offerings in the U.S. Along with ongoing development of our antenna products and wireless test and measurement solutions, PCTEL continues to expand its capabilities and product offerings for the Industrial IoT market worldwide, with high performance and ruggedized wireless connectivity solutions including Wi-Fi access points and multi-connectivity and multi-sensor platforms.” Chintan Fafadia, Vice President IIoT Device Product Management About PCTEL PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. Trusted by our customers for over 25 years, we solve complex wireless challenges to help organizations stay connected, transform, and grow.

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ENTERPRISE IOT

Bentley Systems Launches iTwin Experience, iTwin Capture, and iTwin IoT to Extend iTwin Platform

Bentley Systems | November 16, 2022

Year in Infrastructure Conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced new capabilities of its iTwin Platform, significantly extending the scope and interoperability of infrastructure data that engineering firms and owner-operators can use to create and leverage digital twins in design, construction, and operations workflows. The new iTwin Platform capabilities will power Bentley Infrastructure Cloud, a set of solutions that span the end-to-end infrastructure lifecycle and value chain, encompassing ProjectWise, SYNCHRO, and AssetWise, unified and made interoperable by Bentley’s infrastructure schemas. iTwin Experience is a new cloud product to empower owner-operators’ and their constituents’ insights into critical infrastructure by visualizing and navigating digital twins. Significantly, iTwin Experience accelerates engineering firms’ “digital integrator” initiatives to create and curate asset-specific digital twins, incorporating their proprietary machine learning, analytics, and asset performance algorithms. iTwin Experience acts as a “single pane of glass,” overlaying engineering technology (ET), operations technology (OT), and information technology (IT) to enable users to visualize, query, and analyze infrastructure digital twins in their full context, at any level of granularity, at any scale, all geo-coordinated and fully searchable. Additional iTwin products include: iTwin Capture, for capturing, analyzing, and sharing reality data, enables users to easily create engineering-ready, high resolution 3D models of infrastructure assets using drone video and survey imagery from any digital camera, scanner, or mobile mapping device. Infrastructure digital twins of any existing assets can accordingly start with reality modeling, rather than requiring a BIM model. iTwin Capture offers the highest-fidelity and most versatile means of capturing reality to serve as the digital context for surveying, design, monitoring, and inspection processes. iTwin IoT, for acquiring and analyzing sensor data, enables users to seamlessly incorporate Internet of Things (IoT) data created by sensors and condition monitoring devices. Infrastructure IoT can be used effectively for real-time safety and risk monitoring in operations and construction activities, including to measure and visualize environmental changes, structural movement, or deterioration for condition assessment, maintenance scheduling, and to prompt precautionary interventions. By securely incorporating real-time data at scale from among hundreds of sensor types, iTwin IoT increases the value of engineering and geotechnical data. Bentley’s Engineering Applications, Powered by iTwin In the 2022 Going Digital Awards, the proportion of finalists crediting iTwin reached 42%. Noting the sophistication and maturing of digital delivery approaches, as evidenced by the 2022 finalists’ projects, Bentley presented a broadening of its strategic priorities for iTwin, including adding “digital-twin native” advantages to its infrastructure engineering applications. In the keynote, Founder and CTO Keith Bentley described the evolution of iTwin from a set of open-source programming libraries to a platform-as-a-service used by Bentley and partners to develop, run, and extend applications that use digital twin workflows. Bentley’s engineering applications will next take advantage of iTwin capabilities on the desktop. Users will continue to work with these applications as they are accustomed to, but alongside the usual resulting .dgn file, the engineering applications will also create and synchronize an iModel, Bentley’s specialized container to semantically align and federate infrastructure engineering data within digital twins. iModel and iTwin will enable users to participate in data-centric workflows, including for integration, validation of design intent, rules checking, clash detection, component queries and reuse, quality assurance, and digital-twin deliverables creation. Keith Bentley said, “It is clear to me that infrastructure digital twins are the future of our industry and our company. Our digital twin journey began four years ago with a series of open source projects to create cloud-native tools, called iTwin.js. It has evolved into the iTwin Experience that is the workhorse for digital twin solutions from Bentley and others. I’m very proud of the tremendous progress we and our users have made using the iTwin Platform, as evidenced in the current YII submissions. Phase 2 of our journey involves improving our existing desktop products using the same iTwin engine. Users of our MicroStation and engineering design and analysis applications will next gain new features that can make their projects more efficient, more connected, and the results more valuable. We can do that by augmenting, not replacing, their existing tools, workflows, file formats, and deliverables. The iTwin engine will run on the same desktop ‘in process’ with the design applications, synchronizing a local iModel and connecting to cloud services when and as necessary.” Integration with Immersive 3D Environments At the same time, Julien Moutte, vice president of technology, described the enhanced interoperability of the iTwin Platform, including integration with 3D environments, such as Unreal, Unity, and NVIDIA Omniverse, to enable immersive experiences across a wide range of devices. “From the start, we created services in the iTwin Platform that allow software developers to align and federate infrastructure data from different sources. We are now opening the doors of the metaverse for those digital twins, enabling new use cases and immersive experiences. Our interoperability with game engines via USD, glTF, DataSmith, and 3DFT unlocks a whole new world of possibilities for application developers. We are excited to see what our users can achieve by combining such technologies, which are fundamental building blocks of the infrastructure metaverse.” Describing the broadening ecosystem adoption of iTwin technologies, Moutte announced that Adobe has licensed Bentley’s iTwin Capture for its Substance 3D Sampler application, which enables designers to easily transform real-life pictures into a photorealistic surface or environment. Alexis Khouri, vice president, growth, 3D and metaverse at Adobe, said, “Bentley’s iTwin Capture capabilities in Substance 3D Sampler will help Adobe’s creative professional customers to populate their 3D experiences and save many hours (or even days) of 3D modeling time. Adobe’s strategic collaboration with Bentley will allow us to offer an easy-to-use and state-of-the-art 3D capture solution for 3D artists and designers of all levels.” In a performance-redefining breakthrough, Bentley has developed a new iTwin Platform service that enables software developers and digital integrators to stream digital twins into Unreal Engine, the leading game engine from Epic Games, to create immersive experiences for fly-throughs and multi-user collaboration. “Infrastructure digital twins are becoming fundamental building blocks of virtual worlds that empower people to interact, collaborate, and solve problems together, The seamless workflow and high performance that Bentley offers by integrating the iTwin Platform with Unreal Engine will help developers achieve new levels of immersion in complex visualizations and simulated experiences.” Marc Petit, vice president, Unreal Engine Ecosystem at Epic Games Availability iTwin Experience is in early access; iTwin Capture and iTwin IoT are available now. iTwin Experience incorporates capabilities from OpenCities Planner. iTwin Capture incorporates capabilities from ContextCapture and Orbit 3DM. iTwin IoT incorporates capabilities from the sensemetrics platform and Vista Data Vision.

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